Financial planners plan recruitment drive

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Financial planners plan recruitment drive

Published: 15 May 2012 at 00.00
Newspaper section: Business

The Thai Financial Planners Association (TFPA) targets to increase the number of qualified financial planners to 100 from 85 this year to meet the demand coming from the Asean Economic Community (AEC).

The AEC will bring the economies of scale to businesses in member countries, noted TFPA chairman Teera Phutrakul. "Asians are getting wealthier, thanks the economic growth which has continued for several years while people in the West have suffered from economic problems," he said.

Demand for financial planning advisers continues to increase across Asia, including Thailand.

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paulren
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Discussion 1 : 25 Jun 2012 at 09.491
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Financial planners must make sure they state up front any conflict of interest they may have. Such as, when recommending various funds which pay different levels of commissions. Or just outright discouraging responsible stock market investing which pays no direct commission to these advisors. Many studies have shown that over time few investor alternatives beat responsible balanced and diversified stock market investing here -as well as in most places of the world. If a financial planner takes a flat fee it is questionable if they should also then receive any commissions on any investor products they then sell, as this brews a conflict of interest.

Paul A. Renaud.
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Financial planners plan recruitment drive | Bangkok Post: business